|
Title: A minimum wage law (that sets the minimum wage above the equilibrium wage) can be expected to Post by: rsteel on Sep 27, 2023 A minimum wage law (that sets the minimum wage above the equilibrium wage) can be expected to ▸ clear the market for unskilled workers. ▸ increase the number of unskilled workers employed. ▸ increase the number of firms in those industries where the law is effective. ▸ reduce the number of unskilled workers employed and/or reduce the number of hours worked by unskilled workers. ▸ all of the above Title: Re: A minimum wage law (that sets the minimum wage above the equilibrium wage) can be expected to Post by: cblack14 on Sep 27, 2023 Content hidden
|